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$154 Million Accounting Error and A Ceasefire Update
Good Evening 🇺🇸,
What happened today,
Macy’s is delaying its Q3 earnings report as it says an employee intentionally hid $154 million worth of expenses, Macy’s will perform an independent accounting investigation
The median U.S. home price is now $435,000, per NAR, up 39% since 2020
DOW up .99% / S&P up .30% on the day
In a turn of events from what was initially expected Trump has named Scott Bessent as Treasury Secretary, Bessent is a former Hedge Fund Executive
Special Counsel Jack Smith moves to dismiss all charges against Donald Trump in election interference case
A California judge rules today that the Menendez brothers’ resentencing hearing will be pushed back from December 11th to dates in late January
A ceasefire deal between Israel and Hezbollah is “close”, Officials say which would stop the war in Lebanon, Read more below ⬇️
Plus: An interesting look at the least peaceful countries
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What happened today,
Macy’s is delaying its Q3 earnings report as it says an employee intentionally hid $154 million worth of expenses, Macy’s will perform an independent accounting investigation
— The Simple American (@TSimpleAmerican)
11:02 PM • Nov 25, 2024
Quote of the day: “In a market economy, the only way to make yourself richer is to successfully help other individuals make themselves richer” -Donald Boudreaux
Have a great night!
P.S. Email us at [email protected] for more info on any news points in the letter or feel free to give any feedback you have!